Use the following information to answer the given questio...
Use the following information to answer the given question. The Receipts and Payments Account of Acada Club for the year ended 31st December, 1995 is as follows:
NNBalance b/f800Printing and stationery320Subscriptions3,600Postages and Telephone160Donations650Rent1,200Dace tickets1,200Library books2,500Anniversary dance expenses945balance c/d1,125¯6,250¯6,250
The capital expenditure of the club for the year was
N5,250
N5,450
N5,125
N3,600
N2,500
Correct answer is E
No explanation has been provided for this answer.
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